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Immersion Corp (IMMR.OQ)

IMMR.OQ on NASDAQ Stock Exchange Global Select Market

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23 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Immersion Files Additional Lawsuits Against Samsung In U.S. And China
Thursday, 8 Mar 2018 

March 8 (Reuters) - Immersion Corp ::IMMERSION FILES ADDITIONAL LAWSUITS AGAINST SAMSUNG IN U.S. AND CHINA.IMMERSION - FILED SECOND COMPLAINT IN U.S. COURT AGAINST SAMSUNG ELECTRONICS AMERICA, SAMSUNG ELECTRONICS CO ALLEGING INFRINGEMENT OF CO'S U.S. PATENT 8,619,051.IMMERSION- ALSO FILED COMPLAINT IN FUZHOU CHINA COURT AGAINST SAMSUNG (CHINA) INVESTMENT, HUIZHOU SAMSUNG ELECTRONICS, AMONG OTHERS.  Full Article

Spencer Waxman Reports 6.09 Percent Stake In Immersion Corp
Monday, 5 Mar 2018 

March 5 (Reuters) - Immersion Corp ::SPENCER WAXMAN REPORTS 6.09 PERCENT STAKE IN IMMERSION CORP AS OF FEB 23.  Full Article

Immersion Q4 Loss Per Share $0.42
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Immersion Corp ::ORATION REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 LOSS PER SHARE $0.42.Q4 REVENUE FELL 26 PERCENT TO $6.9 MILLION.Q4 NON-GAAP LOSS PER SHARE $0.21.SEES FY 2018 REVENUE $80 MILLION TO $95 MILLION.SEES FY NON-GAAP NET INCOME OF $35 MILLION TO $46 MILLION​.Q4 REVENUE VIEW $6.3 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Immersion Says Pursuant Agreement With Apple, Parties Have Agreed To Terms For Resolving All Existing Disputes
Monday, 29 Jan 2018 

Jan 29 (Reuters) - Apple Inc ::IMMERSION SAYS PURSUANT TO SETTLEMENT AND LICENSE AGREEMENT WITH APPLE, THE PARTIES HAVE AGREED TO TERMS FOR RESOLVING ALL OF THEIR EXISTING DISPUTES.IMMERSION SAYS CO, APPLE ENTERED LICENSE AGREEMENT COVERING CERTAIN CO'S PATENTS FOR CASH WITH AN OPTION TO EXTEND TERM - SEC FILING.IMMERSION - IN ADDITION, APPLE WILL REQUEST TERMINATION OF INTER PARTE REVIEWS BY PATENT TRIAL & APPEAL BOARD OF CERTAIN U.S. PATENTS.  Full Article

Viex Capital Sent Demand Letter To Immersion To Inspect Certain Books And Records - SEC Filing
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Immersion Corp ::VIEX CAPITAL ADVISORS LLC SAYS ON JANUARY 5, SENT DEMAND LETTER TO IMMERSION CORP DEMANDING TO INSPECT CERTAIN BOOKS AND RECORDS - SEC FILING.VIEX CAPITAL ADVISORS LLC SAYS IN DEMAND LETTER, NOTED IMMERSION CORP'S PROLONGED UNDERPERFORMANCE UNDER FORMER CEO VICTOR VIEGAS’ STEWARDSHIP.VIEX CAPITAL ADVISORS LLC SAYS ALSO BELIEVES APPOINTMENT OF SCHLACHTE AS INTERIM CEO INADEQUATE TO PROTECT STOCKHOLDER VALUE.VIEX CAPITAL ADVISORS - ALSO EXPRESSED CONCERNS IN DEMAND LETTER WITH IMMERSION'S BOARD’S RESTRUCTURING PLAN, WHICH INCLUDED 41% REDUCTION IN WORKFORCE.VIEX CAPITAL ADVISORS SAYS ON JANUARY 11, 2018, IMMERSION CORP’S COUNSEL SENT A LETTER REJECTING VIEX CAPITAL ADVISORS' DEMAND LETTER.VIEX CAPITAL ADVISORS - BELIEVES IT IS IMPERATIVE THAT OBTAIN IMMEDIATE BOARD REPRESENTATION TO BETTER ALIGN BOARD’S INTERESTS WITH STOCKHOLDERS.VIEX CAPITAL ADVISORS LLC REPORTS 5.3 PERCENT STAKE IN IMMERSION CORP AS OF JANUARY 22, 2018 - SEC FILING.  Full Article

Immersion Announces Adoption Of Stockholder Rights Plan
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Immersion Corp ::IMMERSION ANNOUNCES ADOPTION OF STOCKHOLDER RIGHTS PLAN.IMMERSION CORP- SETS TRIGGER AT 10 PERCENT.  Full Article

Immersion Corporation Announces Restructuring
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Immersion Corp ::IMMERSION CORPORATION ANNOUNCES RESTRUCTURING.IMMERSION - PLANS TO SIGNIFICANTLY REDUCE PRESENCE IN CHINA TO FOCUS PRIMARILY ON MOBILE OEM LICENSING.IMMERSION CORP - IMMERSION ANTICIPATES ANNUAL SAVINGS FROM RESTRUCTURING ACTIONS TO BE APPROXIMATELY $10 MILLION.IMMERSION CORP - ESTIMATES TOTAL COSTS RELATED TO RESTRUCTURING EFFORTS TO BE IN RANGE OF $1.5 MILLION TO $2.0 MILLION.IMMERSION - RESTRUCTURING WILL RESULT IN ELIMINATION OF 56 POSITIONS, OR ABOUT 41% OF WORLDWIDE EMPLOYEE BASE.IMMERSION CORP - EXPECTS RESTRUCTURING ACTIVITIES WILL BE COMPLETED DURING Q1 2018.  Full Article

Raging Capital Management Reports 13.4 Pct Stake In Immersion Corp
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Raging Capital Management Llc:RAGING CAPITAL MANAGEMENT LLC REPORTS 13.4 PERCENT STAKE IN IMMERSION CORP ‍​AS OF NOVEMBER 30 VERSUS A STAKE OF 9.8 PERCENT STAKE AS OF MAY 12 - SEC FILING.RAGING CAPITAL MANAGEMENT SAYS IT ENCOURAGES IMMERSION'S BOARD TO MOVE QUICKLY IN HIRING NEW CEO.  Full Article

Immersion Corp Appoints Carl Schlachte As Interim CEO
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Immersion Corp ::IMMERSION CORP - APPOINTMENT OF CARL SCHLACHTE, CHAIRMAN OF BOARD, AS INTERIM CHIEF EXECUTIVE OFFICER.IMMERSION CORP - VIC VIEGAS HAS AGREED TO RESIGN AS CHIEF EXECUTIVE OFFICER AND AS A DIRECTOR.IMMERSION CORP - SCHLACHTE WILL CONTINUE TO SERVE AS CHAIRMAN OF BOARD DURING HIS TENURE AS INTERIM CEO.  Full Article

Immersion announces multi-year licensing agreement with Nippon Seiki
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Immersion Corp :Immersion announces multi-year licensing agreement with Nippon Seiki.Immersion Corp - ‍ Nippon Seiki to incorporate immersion's haptics IP into its office solutions​.  Full Article